Modification of the General Terms and Conditions for selected real products from 1.10.2023

Dear Clients,

In accordance with the change of the risk premium for selected APF GROUP real products, we hereby publish an overview of the new terms and conditions of the existing products:

Minimum Secured Yield (MZV) according to the GTC:

1) IZPKI product: basic reference rate + 2% p.a. (currently 8% p.a.)

2) DIZP product: basic reference rate + 6% p.a. (currently 12% p.a.)

3) IP product: basic reference rate + 8 % p.a. (currently 14 % p.a.)

4) PDIZP product: basic reference rate + 7 % p.a. (currently 13 % p.a.)

5) IPI product: basic reference rate + 4 % p.a. (currently 10 % p.a.)

The updated General Terms and Conditions are published in the Products menu.

The new terms and conditions reflect current real macroeconomic developments and monetary conditions in the Czech Republic.

If you have any questions, please do not hesitate to contact us.

Thank you for your trust and cooperation so far.

Establishment of a Qualified Investor Fund (FKI)

Dear Clients,

As we informed you earlier, APF GROUP has started the process of establishing a qualified investor fund (FKI, Fondu Kvalifikovaných Investorů). The qualified investor fund (FKI) is registered in the list maintained by the Czech National Bank according to Act No. 240/2013 Coll., on Investment Companies and Investment Funds (ZISIF). The FKI is an investment instrument intended for qualified investors (from CZK 1 million).

The basic investment strategy of the FKI is to invest in the following assets:

• agricultural land, in particular credit-worthy arable land and other agricultural land resulting from the Agricultural Land Fund Protection Act;
• agricultural real estate related to agricultural activities (crop and livestock production);
• participations in legal persons holding agricultural land or agricultural real estate;
• participations in legal persons whose predominant activity is crop and livestock production, hunting and related activities (CZ-NACE 01);
• receivables in respect of loans or borrowings from legal persons owning agricultural land and agricultural real estate;
• bonds issued by legal persons owning agricultural land and agricultural real estate;
• property rights in agricultural land and agricultural real estate.

The anticipated date for the start of the FKI’s activities is set for 1 January 2024.

By the end of this year, we will inform you about other facts related to the launch of the FKI.

The establishment of the FKI is in line with the long-term strategy of APF GROUP, which aims to support agricultural entrepreneurs and secure the ownership of agricultural land by a domestic owner.

Thank you for your support.

Information on purchases made

Dear Clients,

we hereby update the information about the purchases of agricultural land owned by APF GROUP companies.

Since 1st January 2023, we have concluded 179 purchase contracts with a total value of CZK 169,130,171.

Thank you for your trust and cooperation so far.

Cancellation of the real product Investment agricultural land

Dear Clients,
With effect from 25.9.2023 we are discontinuing the real investment product Investment Agricultural Land. The product Investment Agricultural Land – Conservative Investment remains in force.

Thank you for your cooperation and trust.

The APFAGRI 12.0/25 bond issue was sold out

Dear Clients,

We would like to inform you that the APFAGRI 12.0/25 bond issue has been sold out.

We are not planning any further bond issues within the APF GROUP. The current priority is the establishment of a Qualified Investor Fund (QIF), the process of which is already underway.

Thank you for your cooperation and trust.

Information on purchases made

Dear Clients,

we hereby update the information about the purchases of agricultural land owned by APF GROUP companies.

Since 1 January 2023, we have concluded 157 purchase contracts with a total value of CZK 147,436,941.

Thank you for your trust and cooperation so far.

Overview of revenue payments from real products of the APF GROUP

Dear Clients,

Within the framework of the already declared values of the APF GROUP (transparency), we would like to publish an overview of the advance payments of purchase prices made on the basis of concluded contracts on future purchase contracts in the amount of the minimum secured yield (MZV) of the real products of the APF GROUP. Since January 2023, we have made advance payments totalling CZK 12,451,780. A detailed overview of the individual payments can be found at: (overview of searched movements). The structure of the client portfolios can be found on the Results of Operations page.

Thank you for your cooperation and trust.

Reduction of the risk premium for selected real products

Dear Clients,

In accordance with the announced change in the amount of the risk premium for selected real products of APF GROUP, we hereby inform you of the new conditions valid from 1.10.2023.

Minimum Secured Return (MFR) according to the GTC:

1) IZP product: basic reference rate + 4% p.a. (currently 10% p.a.)

2) DIZP product: basic reference rate + 6% p.a. (currently 12% p.a.)

3) IP product: basic reference rate + 8 % p.a. (currently 14 % p.a.)

4) PDIZP product: basic reference rate + 7 % p.a. (currently 13 % p.a.)

The conditions for the other real products remain unchanged. The general terms and conditions of selected products will be updated on 1 October 2023.

If you have any questions, please do not hesitate to contact us.

Thank you for your trust and cooperation so far.

Modification of the General Terms and Conditions for selected real products from 1.10.2023

Dear Clients,

We would like to inform you that as of 1 October 2023 we are preparing a modification of the General Terms and Conditions for selected real products (IZP, DIZP, IP and PDIZP). The modification will consist in adjusting the amount of the secured yield, which is part of the future purchase price specified in the future purchase contract. The risk premium for these real products will be reduced. We will inform you of the amount of the reduction during the month of September. The total amount of the secured return will be determined on the date of signing the General Terms and Conditions and will be valid for the entire duration of the investment. The new terms and conditions reflect the current real macroeconomic developments and monetary conditions in the Czech Republic.

If you have any questions, please do not hesitate to contact us.

Thank you for your goodwill and cooperation so far.

Regular monthly results of client trades

Dear Clients,

we bring you the regular monthly results of client trades. In the month of June, we executed 51 deals with a total value of CZK 75,528,378 with a total area of 1,365,699 m2 (136,6 ha). Since January 2023, we have executed a total of 304 dealswith a total value of CZK 239,716,329.

At the same time, we would like to inform you that the total historical value of land sold through our Portfolio Manager exceeded CZK 1,0 billion (10⁹⁾.

Thank you for your trust and cooperation so far.

Information on purchases made

Dear Clients,

we hereby update the information about the purchases of agricultural land owned by APF GROUP companies.

Since 1. January 2023, we have concluded 137 purchase contracts with a total value of CZK 125,321,089.

Thank you for your trust and cooperation so far.

Information on purchases made

Dear Clients,

we hereby update the information about the purchases of agricultural land owned by APF GROUP companies.

Since 1. January 2023, we have concluded 122 purchase contracts with a total value of CZK 115,313,114.

Thank you for your trust and cooperation so far.

Regular monthly results of client trades

Dear Clients,

we bring you the regular monthly results of client trades. In the month of July, we realized 32 deals with a total value of CZK 19,201,036 with a total area of 309,530 m2 (30.9 ha). Since January 2023, we have completed a total of 253 deals with a total value of CZK 164,187,951.

Thank you for your trust and cooperation so far.

Presentation of a set of agricultural land owned by the APF GROUP

Dear Clients,

In the interest of transparency, we would like to present to you one of the many sets of agricultural land owned by APF GROUP.

This is a set of 7 agricultural plots registered as arable land and other area with a total area of 77.814 m² (7.8 ha) in the cadastral area of Smržice, Prostějov district (ethnographic area Haná). The land is registered on the property sheet No 921. These are separate land blocks within larger land parcels. Access to the land is provided by a municipal paved and unpaved road. BPEJ 30100, 30501, 30810 (land rating). Most of the land is classified in protection class I. The prevailing basic price according to the decree is 19.13 CZK/m2 (maximum 20 CZK/m2). The point yield of the land is 96 (these are highly productive plots). The land is subject to a lease agreement with a local agricultural cooperative.

Thank you for your support and cooperation so far.

Play video

Structure of client portfolios of Agrární půdní fond s.r.o.

Dear Clients,

The total value of client portfolios as of 30 June 2023 was CZK 545,834,527. Compared to 31.3.2023, the total value increased by CZK 92,098,917 (20.30%).

More information on the structure of client portfolios can be found at  www.agrarnipudnifond.cz/en/vysledky-hospodareni/.

The total current value of agricultural land under management (own purchased land and client portfolios) exceeded CZK 650 million.

Thank you for your trust and cooperation.

Information on purchases made

Dear Clients,

we hereby update the information about the purchases of agricultural land owned by APF GROUP companies.

Since 1 January 2023, we have concluded 115 purchase contracts with a total value of CZK 111,120,969.

Thank you for your trust and cooperation so far.

Regular monthly results of client trades

Dear Clients,

we bring you the regular monthly results of client trades. In the month of June, we executed 32 deals with a total value of CZK 16,183,863 with a total area of 288,639 m2 (28.9 ha). Since January 2023, we have executed a total of 221 deals with a total value of CZK 144,986,915.

Thank you for your trust and cooperation so far.

Publication of the final results for 2022

Dear Clients,

We would like to inform you about the publication of the final results of Agrární půdní fond s.r.o. as of 31 December 2022.

Basic information can be found at: https://agrarnipudnifond.cz/en/vysledky-hospodareni/

The pre-tax result for 2022 is CZK 147,070 thousand. Operating profit (EBITDA) was reported in the amount of CZK 152,983 thousand. The total net asset value is CZK 446,667 thousand.

The tax return for the company will be filed as of 30 June 2023. We will publish the auditor’s report immediately after the completion of the audit.

Thank you for your cooperation and trust so far.

Information about purchases made

Dear Clients,

we hereby update the information about the purchases of agricultural land owned by APF GROUP companies.

Since 1 January 2023, we have concluded 99 purchase contracts with a total value of CZK 101,537,731.

Thank you for your trust and cooperation so far.

Commencement of the process of land consolidation owned by the APF GROUP

Dear Clients,

In accordance with the long-term investment strategy of APF GROUP, we are starting the process of land consolidation in selected locations.

These are individual cadastral areas in the districts of Znojmo, Břeclav, Hodonín, Uherské Hradiště, Brno-venkov, Vyškov, Kroměříž, Prostějov, Přerov and Olomouc. We are preparing an investment project in these localities within the framework of agricultural primary production, which will be implemented through a fund of qualified investors in cooperation with tenants in the individual regions.

We will keep you informed about the development of the project.

Thank you for your cooperation and trust so far.

Information about purchases made

Dear Clients,

we hereby update the information about the purchases of agricultural land owned by APF GROUP companies.

Since 1 January 2023, we have concluded 95 purchase contracts with a total value of CZK 97,179,378.

Thank you for your trust and cooperation so far.

New product Investment agricultural land – conservative investment

Dear Clients,

Based on the investment strategy of APF GROUP and in accordance with the clients’ requirements, we are introducing a new product for conservative clients.

It is a real investment product Investment Agricultural Land – Conservative Investment (IZPKI), the terms and conditions of which can be found in the offer Products. We believe that this will meet the strict requirements of conservative clients, including adequate security for the investment (real ownership land).

If you have any questions, please do not hesitate to contact us.

Thank you for your cooperation and trust.

Information on completed transactions of the APF GROUP for the year 2022

Dear Clients,

We have previously informed you about the realized transactions with agricultural land for the year 2022 of the owner of APF GROUP as a natural person. Now we are also presenting the results of the completed transactions of the APF GROUP itself for the year 2022.

During the year 2022, land with a total value of CZK 9,662,410 was sold with a gross profit of CZK 3,008,054 (45.20% of the purchase price). The funds obtained from the sale of land were used for further purchase of land into the property of APF GROUP and repayment of the credit framework with a banking institution.

Thank you for your cooperation and trust.

Regular monthly results of client trades

Dear Clients,

we bring you the regular monthly results of client trades. In the month of May, we executed 25 deals with a total value of CZK 20,953,593 with a total area of 379,957 m2 (38.0 ha). Since January 2023, we have executed a total of 189 trades with a total value of CZK 128,803,052.

Thank you for your trust and cooperation so far.

Examples of completed deals in 2019

Dear Clients,

This is in response to frequent inquiries about the resulting gross margins on agricultural land trades executed to cover client returns in real investments or cash management.

We are often asked how it is possible to offer an investment appreciation of 12% p.a. or higher and keep the entire investment model profitable over the long term.

To get a basic idea of what active agricultural land trading can look like, we illustrate examples of our Portfolio Manager’s executed trades in 2019. This gives clients a closer look into the “business kitchen” of the company.

We deliberately chose 2019 because of the stagnation of demand and balanced supply, which were reflected in a year-on-year increase in market prices of land across the country of “only” 1.3% (farmy.cz). From the examples of the transactions documented, it is clear that it is possible to achieve a much higher appreciation (gross profitability) than the average annual increase in market prices through proper land selection (parameterisation), detailed knowledge of demand and market prices.

The long-term results are confirmed by the large number of completed transactions, which alone determine the real market price and thus the resulting gross profit. We adapt our trading strategy to the macroeconomic and monetary conditions of the period. However, in the long term, we maintain a gross profitability of 20-30% p.a. and adjust our land selection and entry prices for purchases accordingly. We have already published the gross profitability levels for land sold within APF GROUP for 2021 (29.24%, note gross profitability is calculated on the purchase price of the land). We are currently compiling the results for 2022, which we will inform you about.

There are many would-be “experts” in the market for agricultural land trading and guaranteed “market price experts” or various types of analysts. If someone works in the real estate business, it does not mean that he is an expert in trading agricultural land, unless he specializes in it for a long time and does a high number of real transactions. Often, farmers themselves are not experts in land trading as they only buy land in their action radius and directly from tenants who have no idea what the real market price of the land they are selling to them in this way is. The confrontation with the real market price is then very uncomfortable for them.

So if you are looking for an expert, ask how many deals he has completed and with what results. You can judge by that whether you are getting appropriate answers or just “amateur” assumptions and opinions. The APF GROUP honours the principle that every published figure must be substantiated and therefore realistic.

Practically, we are able to provide you with evidence of every transaction carried out within the Group (purchase contract purchase – purchase contract sale). The total number of trades executed by the Portfolio Manager exceeded 1500 and the total amount of CZK 900 million.

Open table (PDF)

If you have any further questions on the subject, we will be happy to answer your questions.

Thank you for your trust and cooperation.

Results of the APF GROUP owner as a person

Dear Clients,

As part of our corporate value Transparency, we hereby publish the results of the APF GROUP owner as a natural person.

The reported results are from the period prior to the establishment of Agrární půdní fond s.r.o. (25 May 2020) and the subsequent transformation of the activities of the physical All tax liabilities from previous years have been paid. Income from the business comes from real estate activities (real estate brokerage and purchase and sale of agricultural land).

Tax base (line 55 of the Personal Income Tax Return):

2018: CZK 495,069

2019: CZK 3,664,524

2020: CZK 2,392,695

2021: CZK 990,145

2022: CZK 2,214,400

The aforementioned after-tax income was used to finance the establishment and development of Agrární půdní fond s.r.o. In 2021 and 2022, the income from business of a natural person were fully transferred to a legal entity. This answers a common question as to where the funding for the development of the company came from and whether the agricultural land business was already profitable before the establishment of Agrarian Land Fund Ltd.

Thank you for your cooperation and trust so far.

Information on completed trades

Dear Clients,

We would like to inform you about the realized transactions with agricultural land of the owner of APF GROUP as a natural person for the year 2022.

During the year 2022, land with a total value of CZK 6,928,200 was sold with a gross profit of CZK 2,025,874 (29.24%). The funds obtained from the sale of land were invested in the assets of APF GROUP.

Thank you for your cooperation and trust.

Utility garden APF Hněvotín

Dear Clients,

We have previously informed you about the launch of the project for the implementation of a utility garden in the village of Hněvotín (Olomouc district). We will publish continuous information via our FB profile.

Project manager Mgr. Jana Mičulková. Contact details can be found on our website and FB profile.

FB profile: https://www.facebook.com/apfzahradahnevotin/

Thank you for your cooperation and trust.

Trust fund APF GROUP TRUST

Dear Clients,

We have previously announced the establishment of the APF GROUP TRUST family trust fund. As of 22 May, APF GROUP TRUST, a private trust fund, was entered into the register of trust funds by the Regional Court in Brno.

Thank you for your cooperation and trust.

Publication of preliminary financial results

Dear Clients,

We would like to inform you about the publication of the preliminary results of Agrární půdní fond s.r.o. as of 31.12.2022.

Basic information can be found at: https://agrarnipudnifond.cz/en/vysledky-hospodareni/

The tax returns of the companies in the APF GROUP will be filed as of 30.6.2023. After the audit of the financial statements, we will publish the auditor’s report and consolidated results of the APF GROUP.

Thank you for your cooperation and trust so far.

Investment strategy of APF GROUP

Dear Clients,

We would like to inform you about the investment strategy of individual companies within the APF GROUP, which have been included in the list of persons performing asset management comparable to asset management within the meaning of Section 15(1) of the Act on Investment Companies and Investment funds maintained by the CNB in accordance with Section 596(e) of the ICIIF Act (alternative fund).

1) Agrární půdní fond s.r.o.

• time horizon: medium and long term
• an active approach to the market with the aim of achieving higher appreciation than the market offers
• growth strategy based on the growth of the value of the investment over time
• balanced relationship to risk – growth in the value of the investment with a preference for reasonable risk
• subject of investment – agricultural land, projects within agriculture
• expected return from 10% p.a.

2) APF ALTERNATIVE FUND CR s.r.o.

• time horizon: short and medium term
• passive approach to the market with the aim of achieving the appreciation offered by the market
• return strategy based on regular income from the investment and maximum liquidity of the investment
• conservative approach to risk – protecting the value of the investment from depreciation while preferring minimal risk
• subject of investment – agricultural land, securities of conservative companies
• expected return up to 10% p.a.

3) APF AGRICULTURAL LAND CR s.r.o.

• time horizon: short-term
• active approach to the market with the aim of achieving a higher appreciation than the market offers
• return strategy based on the income from the investment
• balanced relationship to risk – growth in the value of the investment with a preference for a reasonable level of risk
• subject of investment – agricultural land
• expected return from 12% p.a.

If you have any questions about investment strategies, we are ready to provide answers.

At the same time, we confirm the continuation of the process of establishing a qualified investor fund with registration with the CNB and management by an investment company.

Thank you for your cooperation and trust so far.

Modification of the General Terms and Conditions for real products from 1.6.2023

Dear Clients,

We would like to inform you that as of 1 June 2023, new General Terms and Conditions for real products (IZP, DIZP, PDIZP, IP and IPI) will come into force. The modification of the GTC, as previously mentioned, consists in setting the amount of the minimum secured yield (MZV), which is part of the future purchase price specified in the future purchase contract. Until now, the amount of the MFA has been set as fixed (e.g. 12% p.a.). From 1 June 2023, the amount of the MFA will be set as a floating rate depending on the level of the base reference rate. The basic reference rate corresponds to the discount rate announced by the CNB (currently 6% p.a.). Construction of the total amount of the MFA = basic reference rate + risk premium (e.g. 6% p.a. + 4% p.a.). The total amount of the IRR will be determined on the date of signing the General Terms and Conditions and will be valid for the entire duration of the investment.

The full text of the GTC can be found at: https://agrarnipudnifond.cz/en/produkt/

These terms and conditions will reflect real macroeconomic developments and monetary conditions in the Czech Republic.

We thank you for your past goodwill and trust.

Information on purchases made

Dear Clients,

we hereby update the information about the purchases of agricultural land owned by APF GROUP companies.

Since 1 January 2023, we have concluded 90 purchase contracts with a total value of CZK 88,903,175.

Thank you for your trust and cooperation so far.

Joint and several liability of individual companies in the APF GROUP

Dear Clients,

Within the framework of the concluded obligations of individual companies in the APF GROUP (https://agrarnipudnifond.cz/en/skupina-apf/), we apply the principle of joint and several liability for these obligations with immediate effect.

In practice, this principle means for the creditors of each company in the APF GROUP that if a company fails to fulfil its contractual obligation towards the creditor, the creditor is entitled to call upon any other company in the APF GROUP to fulfil the company’s obligation and the company is obliged to fulfil the obligation jointly and severally. This principle is intended to significantly strengthen the position of the creditor (client) in the contractual relationship and thus reduce the risk of possible future delinquency of an individual company. At the same time, the principle of joint and several liability will be incorporated into all binding contracts.

The APF GROUP hereby declares that the principle of joint and several liability of individual companies in the APF GROUP also applies to all previously concluded contractual relationships of individual companies in the APF GROUP.

Thank you for your trust and cooperation so far.

Andrea Mičulková, owner of APF GROUP

Information about purchases made

Dear Clients,

we hereby update the information about the purchases of agricultural land owned by APF GROUP companies.

Since 1 January 2023, we have concluded 82 purchase contracts with a total value of CZK 81,147,008.

Thank you for your trust and cooperation so far.

New project within the APF GROUP

Dear Clients,

We would like to inform you about another of our projects within the APF GROUP.

We have acquired an unmaintained plot of land registered as arable land in the outskirts of the village of Hněvotín with an area of 645 m2 into the ownership of APF GROUP in May 2022. The land is situated between a development of houses and a secondary paved municipal road. A high-pressure gas pipeline runs through the plot, which does not allow to use the land as a building plot. It was fallow land without trees and shrubs, but with high soil fertility (BPEJ). There was no lease agreement for the land.

As an agricultural entrepreneur, we decided to use the land to establish a commercial garden based on natural principles at the lowest possible cost. Our goal is to create a low cost edible and living garden that will be used to grow vegetables, fruits, small berries, medicinal herbs and flowers. At the same time, we aim to attract birds, insects and small animals to the garden by planting shrubs and establishing flowering meadows. All activities will be in line with ecological principles without the use of chemicals and with sustainability for future generations. The project is financed from the retained earnings of the APF GROUP. By implementing this project, we will achieve a significant long-term appreciation of the land owned by the APF GROUP.

We will keep you informed about the development of the project.

Thank you for your cooperation and trust so far.

Cooperation with the company SOBŮLSKÝ GRUNT s.r.o.

Dear Clients,

We would like to inform you that as part of the long-term investment strategy of APF GROUP, we have established cooperation with SOBŮLSKÝ GRUNT s.r.o., based in Sobůlky (Hodonín district). It is a family farm, which deals with extensive breeding of beef cattle. The current breeding represents over 200 heifers, young bulls and calves.

In the first phase of cooperation, we offered the company a long-term lease of agricultural land owned by APF GROUP to expand the area of pastures and meadows in the Hodonín districts and Uherské Hradiště. In the next phase, the terms of which we are discussing, the subject of cooperation will be the possibility of providing long-term financing for further development of the farm (investment, operation).

We will keep you informed about the development of the cooperation.

Thank you for your cooperation and trust.

https://www.facebook.com/sobulskygrunt

Information on purchases made

Dear Clients,

we hereby update the information about the purchases of agricultural land owned by APF GROUP companies.

Since 1 January 2023, we have concluded 73 purchase contracts with a total value of CZK 64,731,798.

Thank you for your trust and cooperation so far.

Regular monthly results of client trades

Dear Clients,

we bring you the regular monthly results of client trades. In the month of April, we executed 54 deals with a total value of CZK 43,962,960 with a total area of 730,420 m2 (73.0 ha). Since January 2023, we have executed a total of 164 trades with a total value of CZK 107,849,459.

We would also like to inform you that our Portfolio Manager has historically executed over 1,500 deals with a total value of over CZK 900 million.

Thank you for your trust and cooperation so far.

Information on purchases made

Dear Clients,

we hereby update the information about the purchases of agricultural land owned by APF GROUP companies.

Since 1 January 2023, we have concluded 47 purchase contracts with a total value of CZK 40,082,802.

Thank you for your trust and cooperation so far.

Statement of the APF GROUP

The APF GROUP is a group of Czech commercial companies engaged in real estate mediation and also enables its customers to invest funds through trading in real estate, especially agricultural land, and in the form of an alternative fund according to § 15 paragraph 1 ZISIF. As part of their activities, members of the APF GROUP issue corporate bonds. All contractual conditions, as well as the issue conditions for the subscription of bonds, are published on the website of the company Agrarní podní fond s.r.o., one of the members of the APF GROUP.

The company Agrární půdní fond s.r.o. is found to be associated with the Platon Life project, which was related to the trading of its own digital currency, Platon Coin. APF GROUP is the owner of Platon Coins, which it either purchased itself from their original owner and also those that it acquired from customers of the original owner of this digital currency. However, APF GROUP objects to any of its companies having any share in the activities of the Platon Life project. APF GROUP acquired the above-mentioned digital currency based on its own business judgment and is in no way financially or personally connected to the Platon Life project. All companies from the APF GROUP owned by the parent company APF REAL ESTATE GROUP CR s.r.o. they do not have an obscured ownership structure, all the documents required by law have been published in the collection of documents of the commercial register and they have properly kept records of the real owners. As regards the exchange of Platon Coin digital currency from the original clients of the Platon Life project, this always took place for adequate consideration and above all based on the free will of these persons for a reasonable commission.

The companies from the APF GROUP have been owned from the very beginning by the sole real owner, Mrs. Andrea Mičulková, who has no connection whatsoever to the persons behind the Platon Life project and the project itself. All APF GROUP companies are audited and all their financial results are published regularly. We are of course ready to answer questions about the activities of our group, when all the necessary contact details are published on the website.

for APF GROUP signed by

Andrea Mičulková, owner of APF GROUP

Structure of client portfolios of Agrární půdní fond s.r.o.

Dear Clients,

The total value of client portfolios as of 31.3.2023 was CZK 453,735,610. Compared to 31.12.2022, the total value increased by CZK 58,233,325 (14.72%).

Further information on the structure of client portfolios can be found at https://agrarnipudnifond.cz/en/vysledky-hospodareni/.

Thank you for your trust and cooperation.

Financial statements of the APF GROUP

Dear Clients,

We would like to inform you that we are starting to finalize the 2022 financial statements of the individual companies in the APF GROUP.

The financial statements of APF REAL ESTATE GROUP CR s.r.o., APF DIGITAL AGRIFUND CR s.r.o. and Agrarian Land Fund s.r.o. are subject to mandatory audits under the Accounting Act. The parent company APF REAL ESTATE GROUP CR s.r.o. is also subject to the obligation to consolidate the financial statements for the APF GROUP. The deadline for filing corporate income tax returns is 3 June 2023.

At the same time we publish the revenue structure of the APF GROUP:

1) commissions for mediation of sale of agricultural land

2) administrative fees for the management of client portfolios

3) fees for the management of funds entrusted to us

4) fees for the conclusion of option contracts

5) proceeds from the sale of agricultural land owned by APF GROUP

6) interest income from savings accounts

7) interest income on bonds purchased

8) rental income from agricultural land owned by APF GROUP

9) income from swap transactions within the APF GROUP

10) income from revaluation of assets within alternative funds

Thank you for your trust and cooperation.

Regular monthly results of client trades

Dear Clients,

we bring you the regular monthly results of client trades. In the month of March, we executed 37 deals with a total value of CZK 27,109,282 with a total area of 483,225 m2 (48.3 ha). For Q1 2023, we executed a total of 110 deals with a total value of CZK 63,886,499.

Thank you for your trust and cooperation so far.

New products – real investments

Dear Clients,

We would like to inform you about the new products of Agrární půdní fond s.r.o. within the framework of real investments.

These are the products Purchase of investment land with gradual repayment of the purchase price and Real investment on agricultural land owned by the client.

For more information, please refer to the Products menu.

Thank you for your cooperation.

Modification of the General Terms and Conditions for real products from 1.6.2023

Dear Clients,

We would like to inform you that from 1.6.2023 we are preparing a major modification of the General Terms and Conditions for real products (IZP, DIZP, PDIZP, The modification will consist in setting the amount of the secured yield, which is part of the future purchase price specified in the future contract purchase agreement. So far, the amount of the secured return has been set as fixed (e.g. 12% p.a.). From 1.6.2023, the amount will be set as floating depending on the base reference rate. The base reference rate will correspond to the discount rate announced by the CNB (currently 6% p.a.). Design Total amount of the secured return = base reference rate + premium (e.g. 6% p.a. + 4% p.a.). The total amount of the secured return will be determined on the date of signing the General Terms and Conditions and will be valid for the entire duration of the investment. These terms and conditions will reflect the real macroeconomic development and monetary conditions in the Czech Republic.

If you have any questions, please do not hesitate to contact us.

Thank you for your goodwill and cooperation so far.

New product – Individual Portfolio – Institutional and Private Investors (IPI)

Dear Clients,

We would like to inform you about the new products of Agrární půdní fond s.r.o. within the framework of real investments. Since 20 March, the General Terms and Conditions for the product Extended Long-Term Investment in Agricultural Land (PDIZP) and Individual Portfolio and Institutional and Private Investors (IPI) are valid. For more information, please refer to the Products menu.

Thank you for your patronage and cooperation.

New product – Prolonged long-term investment in agricultural land (PDIZP)

Dear Clients,

We would like to inform you about a new product of Agrární půdní fond s.r.o. in the framework of real investments. From 20.3. the General Terms and Conditions for the product Prolonged Long Term Investment in Agricultural Land (PDIZP) are valid. More information can be found in the Products menu.

Thank you for your support and cooperation.

APF GROUP’s liquid financial reserve and purchase of agricultural land

Dear Clients,

We hereby publish the current status of the Liquid Financial Reserve (LFR) of the companies in the APF GROUP.

The amount of LFR is CZK 15,935,188.

The reserve is deposited in the savings accounts of APF GROUP companies. We will disclose the amount of LFR on a monthly basis.

We would also like to inform you about the purchases of agricultural land owned by APF GROUP companies.

Since 1 January 2023, we have concluded 30 purchase agreements with a total value of CZK 19,278,368.

Thank you for your trust and cooperation so far.

Regular monthly results of client trades

Dear Clients,

we bring you the regular monthly results of client trades. In the month of February, we executed 36 deals with a total value of CZK 19,144,745 with a total area of 353,074 m2 (35.3 ha).

Thank you for your trust and cooperation so far.

Change of company name

Dear Clients,

We would like to inform you about the change of the name of APF CRYPTO CR s.r.o. The new name of the company is APF DIGITAL AGRIFUND CR s.r.o.

Other facts remain unchanged.

Thank you for your cooperation so far.

Market prices for agricultural land in 2022

Dear clients,
We bring you information on the development of market prices of agricultural land for 2022. Based on the Report on the Land Market for 2022 published by FARMY.CZ s.r.o., the market prices for 2022 have increased by 13.51% compared to 2021 throughout the Czech Republic.

Agrarian Land Fund Ltd (APF) hereby comments on the changes in market prices for the year 2022. With regard to the locations in which our company actively trades (main agricultural production areas), we provide information on the changes in market prices in individual districts:

These are the average market prices in the localities in question for predominantly arable land with a BPEJ above CZK 10,-/m2 (Decree No.227/2018 Coll. issued by the Ministry of Agriculture), in climate zones 0,1,2,3 and selected land in zones 4 and 6, with a maximum medium slope. All plots are proffered under market conditions.

The market prices are derived from actual transactions during 2022 and reflect the real development of market prices in the listed locations. APF executed a total of 370 transactions in 2022 with a total value of CZK 201,790,246. These values show a significant difference in market prices compared to the average market prices for all types of agricultural land and for the whole country.

In terms of further development of market prices, APF expects a gradual increase in the interest of non-agricultural investors in investing in agricultural land as a suitable way of protecting their money from inflation depreciation. There will continue to be a highly selective demand for specific locations and land with above-average BPEJ. The pace of market price growth will be influenced primarily by further developments in inflation and interest rates. The development of the conflict in Ukraine will also play a role, which will be more likely to be reflected in the long-term growth potential of world agricultural commodity prices.

We would like to thank you for your support and cooperation so far.

APFAF 10,0/25 bond

Dear Clients,

Our sister company APF ALTERNATIVE FUND CR s.r.o. has prepared a bond issue for clients with a maturity of 24 months and an annual yield of 10.0%. The total value of the issue is CZK 23.5 million. The nominal value of the bond is CZK 20,000. The payment of returns is quarterly.

The issue period for subscription of the bonds starts on 1 February 2023 and ends on 31 January 2024 with the possibility of extension.

The administration of the bond subscription is provided by the law firm Ritter-Šťastný as in previous bond issues.

If you are interested, please contact us.

Regular monthly results of client trades

Dear Clients,

we bring you the regular monthly results of client trades. In the month of January, we realized 37 deals with a total value of CZK 17,632,472 with a total area of 319,950 m2 (32.00 ha).

Thank you for your trust and cooperation so far.

Structure of client portfolios to 31.12.2022

Dear Clients,

We have updated the information on the structure of client portfolios as of 31.12.2022 in the Financial Results.

Thank you for your trust and cooperation.

APFCD 9.5/25 bond issue sold out

Dear Clients,

We would like to inform you that the APFCD 9.5/25 bond issue has been sold out. We are currently preparing a new bond issue with a prospectus approved by the CNB in the amount of 200 million CZK.

After the approval process is completed, we will inform you about the terms of the issue.

Thank you for your cooperation and trust.

APFAGRI 12,0/25 bond

Dear Clients,

Our sister company APF AGRICULTURAL LAND CR s.r.o. has prepared a bond issue for clients with a maturity of 24 months and an annual yield of 12.0%. The total value of the issue is CZK 24.0 million. The nominal value of the bond is CZK 50.000. The payment of proceeds is monthly.

The issue period for subscription of the bonds starts on 5 January 2023 and ends on 4 January 2024 with the possibility of extension.

The administration of the bond subscription is provided by the law firm Ritter-Šťastný as in previous bond issues.

If you are interested, please contact us.

Regular monthly results of client trades

Dear Clients,

we bring you the regular monthly results of client trades. In the month of December, we executed 35 deals with a total value of CZK 17,684,058 with a total area of 305,357 m2 (30.54 ha).
In total in 2022, we executed 370 deals with a total value of CZK 201,790,246 with a total area of 4,158,394 m2 (416 ha). The total number of shops compared to 2021 was almost no different (372), however the total value of shops increased by 18,948,197 CZK, which is 10.36%.

We would like to thank you for your trust and cooperation so far.

Extension of services – Alternative Fund

Dear Clients,

Agrární půdní fond s.r.o. has been entered into the list of persons performing asset management comparable to asset management within the meaning of § 15 odst. 1 zákona of the Investment Companies and Investment Funds Act, maintained by the CNB in accordance with  § 596 písm. e) ZISIF.

An alternative fund pursuant to § 15 ZISIF Act does not serve to collect assets from the public and invest them jointly. This fund is intended for qualified investors.

A qualified investor is an investor who makes a statement of risk awareness and invests at least:

– The equivalent of EUR 125,000, or

– 1 million. CZK if the investment in the fund has been assessed in connection with the provision of an investment service to a particular investor by an OCP or investment company which has assessed that the investment in the fund is suitable for the investor.

Investments within the scope of the alternative fund’s activity will be directed exclusively to agricultural land in the Czech Republic.

We will inform you of the contractual terms in early January 2023 via our website.

The real investment services provided so far (IZP, DIZP, IP) remain unchanged and do not fall under the activity of the alternative fund.

If you have any questions, please do not hesitate to contact us.

Thank you for your cooperation so far and we wish you every success, health and well-being in 2023.

Notification of enrolment (PDF)

PF 2023

Dear Clients,

We would like to join you in wishing you a Merry Christmas and many successes in the New Year 2023 by thanking you for your trust and cooperation so far.

Team Agrární půdní fond s.r.o.

APFD 7.5/25 bond issue sold out

Dear Clients,

We would like to inform you that the issue of APFD 7.5/25 bonds has been sold out. We are currently preparing a new bond issue with a prospectus approved by the CNB in the amount of CZK 200 million. CZK.

After the approval process is completed, we will inform you about the terms of the issue.

Thank you for your cooperation and trust.

Current results of client trades

Dear clients

we bring you regular updates on client trades. Since the beginning of 2022, we have executed 335 trades with a total value of CZK 184,106,188. In the month of November, we executed 27 deals with a total value of CZK 11,359,245 with a total area of 217,730 m2 (21.77 ha).

Thank you for your cooperation.

Change in the terms and conditions of real APF products

Dear Clients,

As we have announced earlier, the terms and conditions of APF real products (IZP, DIZP, IP) are changing effective from 1 December 2022.

These conditions are intended for new APF clients. For existing APF clients, the current terms and conditions apply until 31.12.2022.

The new parameter settings for real products can be found in the Products menu including the updated General Terms and Conditions.

If you have any questions, please do not hesitate to contact us.

Thank you for your cooperation.

Interim results as of 30.9.2022

Dear Clients,

In the Management results menu we have published the interim results of Agrární půdní fond s.r.o. as of 30.9.2022.

Thank you for your cooperation so far.

Land prices in the Czech Republic

Dear Clients,

We would like to draw your attention to an article on the development of land prices in the Czech Republic published on the Peníze.cz portal.

https://www.penize.cz/nemovitosti/431871-pozemky-rekordne-zdrazuji-investice-do-pudy-porazi-inflaci 

Thank you for being with us.

Independent auditor’s report

Dear Clients,

We have added the Independent Auditor’s Report 2021 to the Results of Operations menu.

Thank you for your cooperation.

Increase of share capital

Dear Clients,

today the increase of the share capital was registered in the Commercial Register of the company APF REAL ESTATE GROUP CR s.r.o. to the total amount of CZK 10,000,000.

Thank you for your cooperation.

Extract from the Czech Business Register

Modification of the terms and conditions

Dear Clients,

In September, the annual inflation rate reached 18%, with the outlook for further growth to 20% by the end of 2022. However, the rate of inflation is slowing and we can expect a slight decline next year, according to the CNB’s outlook. We expect annual growth in market prices of agricultural land in the Czech Republic to be well above 20%.

In connection with this development, we would like to inform you that we will adjust the commercial terms and conditions of all APF Group products with effect from 1 January 2023.

In particular, the value of secured returns under the forward purchase agreement for real investments (IZP, DIZP and IP) will be reduced.

These conditions will apply to newly concluded transactions. For existing deals, the conditions remain unchanged.

At the same time, we are preparing new products within APF CRYPTO CR s.r.o. with collateral in the form of a buyback.

If you have any questions, please do not hesitate to contact us.

Thank you for your cooperation.

Updates on client trades

Dear Clients,

we bring you updates on client trades. Since the beginning of 2022, we have executed 308 trades with a total value of CZK 172,746,943. In the month of October, we executed 34 deals with a total value of CZK 10,805,925 with a total area of 223,792 m2 (22.38 ha).

Thank you for your cooperation.

Increase of share capital

Dear Clients,

today the increase of the share capital was registered in the Commercial Register of the company Agrární půdní fond s.r.o. to the total amount of CZK 10,000,000.

Thank you for your cooperation.

Extract from the Czech Business Register

Up-to-date results of client trades

Dear clients,

we bring you regular up-to-date results of client trades. Since the beginning of 2022, we have completed 274 deals with a total value of CZK 161,941,018. In the month of September, we completed 20 deals with a total value of CZK 18,170,286 with a total area of 440,070 m2 (44.01 ha).

We thank you for your cooperation.

Management results menu

Dear clients,

in the Management results menu, you can find up-to-date information on the structure of client portfolios of the company Agrarní půdní fond s.r.o.

As of September 25, 2022, APF manages the agricultural land of our clients with a total value of CZK 335,013,375.

We thank you for your trust and cooperation.

APF Product Audit Conclusion

Dear clients,

we recently informed you through a post in the News menu about the ongoing legal audit of the products of Agrární půdní fond s.r.o. We hereby publish the audit conclusions for the main products Investment agricultural land (IAL), Long-term investment into agricultural land (LTIAL) and Individual portfolio (IP). These products are used by more than 95% of our clients.

IAL, LTIAL and IP

Description:

In general, the investment process is described on the website as assistance to clients in the selection of agricultural land for purchase, cooperation in the purchase of agricultural land from a third party. Conclusion of the contract on the future contract between APF and the client with a percentage increase compared to the purchase contract that the client acquired the agricultural land. At the same time, agricultural plots are offered for sale by a third party through a real estate agency. If the sale of agricultural land to a third party does not occur within the time specified in the futures contract, the purchase contract is concluded based on the futures contract.

Rating:

§ 3 ZPKT (No. 256/2004 Coll., Act on Business on Capital Markets) contains an exhaustive list of investment instruments, although the company calls the purchase of real estate an investment, it is not an investment in investment instruments and the ZPKT does not apply to this service. The collection of property from the public is concerned with this matter relating to services only for the preparation of documents for purchase and subsequent purchase from the client. APF does not have the option to dispose of the investor’s property in any way possible. There is no joint property management of AFP clients, as each client owns real estate, AFP does not handle the purchase and sale, however, it helps with the conclusion of purchase contracts through a real estate agency.

Conclusion:

We have not found any flaws with this service.

The additional product Participation in the purchase of agricultural land was introduced on the recommendation of the audit in accordance with Act No. 240/2013 Coll., on investment companies and investment funds.

We would also like to inform you that the share capital of APF CRYPTO CR s.r.o. has been increased. for a total amount of CZK 1,500,000. Currently, the process of increasing the share capital of the company Agrární půdní fond s.r.o. is underway. and parent company RE Services & Investments s.r.o. We will inform you about the registration in the commercial register.

As part of the further development of Agrární půdní fond s.r.o. in cooperation with a law firm, we started the process of issuing bonds approved by the CNB in ​​the total amount of CZK 200 million. We will inform you about upcoming issues.

Thank you for your trust and cooperation.

Results for the year 2022

Information about upcoming changes within the APF

Results for the month of July

Income for the second income period

Dear clients,

in accordance with the bond issue conditions – APFD 7.5/25, the yield for the second income period was paid on 1 August 2022 and at the same time withholding tax in the amount of 15% was paid from the yield according to the applicable tax regulations of the Czech Republic.

Thank you for your trust and cooperation.

Investment products within the APF

Increase in inflation in June

Results for the month of June

Dear clients,

in the month of June, we realized 32 stores with a total value of CZK 29,469,674 with a total area of 559,094 m2 (55.9 ha).
In total, in the first half of 2022, we realized 198 deals with a total value of CZK 119,312,888. Compared to the same period in 2021, the number of completed deals increased by 11% and the total value of deals increased by 21%.

We thank you for your cooperation.

Increase in inflation in May 2022

Dear clients,

in May, year-on-year inflation rose to 16.0%, with further growth expected in the coming months. This year, we expect an annual increase in the market prices of agricultural land in the Czech Republic exceeding 20% (in 2021, the annual increase in market prices amounted to 16.1% with an average inflation rate for 2021 of 3.8%). In connection with this development, we are once again adjusting the business terms of our products as follows:

1) IZP – Annual Guaranteed Return is increased to 16%
2) DIZP – annual guaranteed return is increased to 18%
3) IP – Annual Guaranteed Return is increased to 18%

General terms and conditions apply from 10.6.2022 for all new investments.

In case of any questions, do not hesitate to contact us.

We thank you for your cooperation.

Special offer of APFD bonds

Dear clients,

valid from June 1, 2022, we have prepared a promotional offer for the sale of APFD 7.5/25 bonds with a nominal value of CZK 100,000. Clients who purchase bonds will receive a one-time discount of 5% of the total value of the bonds purchased. This is a form of inflationary mark-up to the bond’s basic interest rate of 7.5% p.a. Bonus payment will be made in accordance with the bond subscription and purchase agreement. Valid only for payments made in CZK (not in cryptocurrencies).

Promotion valid until further notice.

We are currently preparing cooperation with the company Centrum Dluhopisů s.r.o. operating the dluhopisy.cz portal.

We are at your disposal in case of questions.

Thank you for your cooperation so far.

Nový produkt Spoluúčast na nákupu zemědělských pozemků

Vážení klienti,

v rámci rozšiřování poskytovaných služeb jsme pro vás připravili nový produkt Spoluúčast na nákupu zemědělských pozemků. Nabízíme tímto alternativu menším střadatelům zhodnotit finanční prostředky prostřednictvím spoluúčasti na nákupu zemědělských pozemků, která umožní společnosti Agrární půdní fond s.r.o. spolufinancovat nákup zemědělské půdy.

Více informací naleznete na agrarnipudnifond.cz/produkt/.

Těšíme se na budoucí spolupráci.

Výsledky za měsíc duben a květen

Výsledky hospodaření za rok 2021

Vážení klienti,

přinášíme vám výsledky hospodaření společnosti Agrární půdní fond s.r.o. za rok 2021.

Aktualizované výsledky naleznete v nabídce Výsledky hospodaření.

Děkujeme vám za spolupráci.

Nárůst inflace

APF Coin

Vážení klienti,

aktuálně připravujeme nový projekt vlastní kryptoměny APF Coin (APFC) zahrnující

blockchainovou strukturu s ambicí vstoupit na mezinárodní kryptoměnový trh.

Finanční prostředky získané prodejem kryptoměny APFC budou sloužit především k investování do zemědělských pozemků v rámci České republiky.
Pozemky budou nakupovány do vlastnictví společnosti a budou výrazným poměrem krýt hodnotu vydaných APFC.

Od 1.5.2022 zahajujeme předprodej pro všechny zájemce.
Primární kurz je stanoven na 1 APFC/1 CZK.
Minimální prodávané množství činí 250.000 APFC.

V případně Vašeho zájmu o bližší informace nás můžete kontaktovat prostřednictvím kontaktního formuláře.

Děkujeme Vám tímto za spolupráci.

Informace o vlastních obchodech společnosti

Vážení klienti,

v rámci transparentnosti vám tímto přinášíme informace o vlastních obchodech společnosti Agrární půdní fond s.r.o. a její majitelky za rok 2021.

Společnost APF prodala pozemky v celkové hodnotě 6 269 tis.Kč (17 obchodů) s průměrnou hrubou ziskovostí 29,24 %.

Majitelka společnosti prodala pozemky v celkové hodnotě 7 362 tis.Kč (21 obchodů) s průměrnou hrubou ziskovostí 31,21 %.

Finanční prostředky získané prodejem pozemků APF byly použity na opětovný nákup pozemků do majetku společnosti APF, financování provozních nákladů (především marketing) a na vytvoření rezervy pro výplatu výnosů z klientských portfolií a vydaných dluhopisů. Finanční prostředky získané prodejem pozemků majitelky byly použity k navýšení základního kapitálu společnosti APF a na nákup pozemků do majetku společnosti APF.

Děkujeme Vám tímto za spolupráci.

Průměrný hrubý výnos v březnu

Vážení klienti,

v měsíci březnu jsme vykázali průměrný hrubý výnos ve výši 26,84 % bez ohledu na výši a dobu trvání investice.

Děkujeme Vám tímto za spolupráci.

Výsledky za měsíc březen

Průměrný hrubý výnos v únoru

Vážení klienti,

v měsíci únoru jsme vykázali průměrný hrubý výnos ve výši 24,96 % bez ohledu na výši a dobu trvání investice.

Děkujeme Vám za spolupráci.

Výsledky za měsíc leden